Thermon Group Holdings Inc (THR) - Total Assets
Based on the latest financial reports, Thermon Group Holdings Inc (THR) holds total assets worth $830.58 Million USD as of March 2026. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Explore how well can Thermon Group Holdings Inc service its debt to assess how comfortably operating cash covers total debt obligations.
Thermon Group Holdings Inc - Total Assets Trend (2009–2026)
This chart illustrates how Thermon Group Holdings Inc's total assets have evolved over time, based on quarterly financial data. See THR net asset value for net asset value and shareholders' equity analysis.
Thermon Group Holdings Inc - Asset Composition Analysis
Current Asset Composition (March 2026)
Thermon Group Holdings Inc's total assets of $830.58 Million consist of 41.1% current assets and 58.9% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 6.3% |
| Accounts Receivable | $152.20 Million | 18.3% |
| Inventory | $118.15 Million | 14.2% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $103.66 Million | 12.5% |
| Goodwill | $269.04 Million | 32.4% |
Asset Composition Trend (2009–2026)
This chart illustrates how Thermon Group Holdings Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see how much is Thermon Group Holdings Inc worth.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Thermon Group Holdings Inc's current assets represent 41.1% of total assets in 2026, a decrease from 44.0% in 2009.
- Cash Position: Cash and equivalents constituted 6.3% of total assets in 2026, down from 6.9% in 2009.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 44.0% of total assets, an increase from 42.0% in 2009.
- Asset Diversification: The largest asset category is goodwill at 32.4% of total assets.
Thermon Group Holdings Inc Competitors by Total Assets
Key competitors of Thermon Group Holdings Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Vestas Wind Systems A/S
CO:VWS
|
Denmark | Dkr26.71 Billion |
|
Nordex SE
F:NDX1
|
Germany | €6.75 Billion |
|
Shandong Himile Mechanical Science & Technology Co Ltd
SHE:002595
|
China | CN¥13.09 Billion |
|
Beijing Roborock Technology Co Ltd
SHG:688169
|
China | CN¥19.59 Billion |
|
AVIC Heavy Machinery Co Ltd
SHG:600765
|
China | CN¥31.03 Billion |
|
HSD Engine Co Ltd
KO:082740
|
Korea | ₩1.49 Trillion |
|
Jiangsu Huahong Technology Co Ltd
SHE:002645
|
China | CN¥6.71 Billion |
|
Shanghai Taisheng Wind Power
SHE:300129
|
China | CN¥10.81 Billion |
Thermon Group Holdings Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 2.69 | 2.43 | 4.02 |
| Quick Ratio | 1.76 | 1.64 | 2.81 |
| Cash Ratio | 0.00 | 0.35 | 0.77 |
| Working Capital | $214.37 Million | $161.63 Million | $161.10 Million |
Thermon Group Holdings Inc - Advanced Valuation Insights
This section examines the relationship between Thermon Group Holdings Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 3.74 |
| Latest Market Cap to Assets Ratio | 0.02 |
| Asset Growth Rate (YoY) | 9.9% |
| Total Assets | $830.58 Million |
| Market Capitalization | $19.76 Million USD |
Valuation Analysis
Below Book Valuation: The market values Thermon Group Holdings Inc's assets below their book value (0.02x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Thermon Group Holdings Inc's assets grew by 9.9% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Thermon Group Holdings Inc (2009–2026)
The table below shows the annual total assets of Thermon Group Holdings Inc from 2009 to 2026.
| Year | Total Assets | Change |
|---|---|---|
| 2026-03-31 | $830.58 Million | +9.94% |
| 2025-03-31 | $755.45 Million | -1.60% |
| 2024-03-31 | $767.74 Million | +18.18% |
| 2023-03-31 | $649.63 Million | +2.04% |
| 2022-03-31 | $636.67 Million | +3.04% |
| 2021-03-31 | $617.88 Million | -0.49% |
| 2020-03-31 | $620.90 Million | -5.32% |
| 2019-03-31 | $655.76 Million | -1.01% |
| 2018-03-31 | $662.48 Million | +45.89% |
| 2017-03-31 | $454.08 Million | +14.50% |
| 2016-03-31 | $396.59 Million | -12.66% |
| 2015-03-31 | $454.09 Million | +2.63% |
| 2014-03-31 | $442.46 Million | +1.63% |
| 2013-03-31 | $435.36 Million | +2.30% |
| 2012-03-31 | $425.58 Million | -5.59% |
| 2011-03-31 | $450.78 Million | +103.87% |
| 2010-03-31 | $221.12 Million | +14.13% |
| 2009-03-31 | $193.74 Million | -- |
About Thermon Group Holdings Inc
Thermon Group Holdings, Inc. provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It provides heat tracing solutions, including software automated engineering design services, heat tracing products, smart connected control and monitoring systems, construction services,… Read more